Looking for Youhodler Delete Account…YouHodler is a Swiss-based business that functions as a crypto-backed loan provider. Among its main concepts is that you can still HODL, without needing to await a spike to offer.
It allows users to borrow fiat funds instantly, based on the worth of their cryptocurrency possession holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most useful feature would be the choice to withdraw fiat to a personal checking account or individual credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be far-fetched to consider YouHodler as a bank for your cryptocurrency. It is quick and efficient, allowing users to transfer their crypto assets with ease.
The platform focuses on delivering a well-rounded experience for its users. You will discover whatever that a crypto owner or a financier would possibly require. In other words, YouHodler provides a variety of services that lets you harness your digital properties.
YouHodler’s wallet is developed with simpleness and performance in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for investment functions in your wallet. The business uses devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
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Possibly the most significant feature at YouHodler is its capability to offer you loans. An investor might consider these funding chances as a means of hedging. Crucially, it provides you access to a flexible path to enter the cryptocurrency trading markets.
With a crypto-backed credit line, you can get fiat when you require it without touching your crypto portfolio at all. It removes a big part of the threat that accompanies financial investment options.
YouHodler is certainly a leading player in this area– not least because it uses a top-rate loan-to-value ratio of as much as 90%. Outmatching its competitors, YouHodler accepts 15 various digital coins as collateral.
Users can receive both immediate cash loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The interest rates on crypto loans are fairly reasonably at 12% APR. If you are taking out a short-term loan, you could get your interest rate as low as 2.5%.
Now let’s break down the loan process that YouHodler has in location.
YouHodler provides you a few options to select how you want to back your loan. You can make an application for a loan quantity in fiat or Bitcoin– and you utilize multiple altcoins as collateral.
The preliminary application process works as follows:
Make a demand using your crypto properties as collateral
Immediately receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you pay back the loan, you will immediately get the security back, despite whether its worth has actually increased.
As you can see from the above, the procedure is as seamless as it could be. The company does not perform any credit report checks or take some time to think about whether you are eligible for a loan. On the contrary, if you have adequate collateral and a verified account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different plans for loans that include predefined terms.
There are three choices for loan periods:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not identified by the quantity of collateral that you installed. Rather, it depends upon the type of plan you select.
YouHodler uses the same interest rate for all its users. As the community grows, the service provider hopes that its interest rates will also drop appropriately. YouHodler also has an affiliate program to encourage its users to welcome others to join the platform to help accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place many ways to keep your funds safe..
Strong Insurance. Crypto assets are guaranteed for as much as $150 million.
Stablecoin Interest. YouHodler provides some of the best rates of interest for stablecoins.
Unique Features. You’ll find cool items such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
Flexible Terms. You can increase the period of your loans at any time.
High LTV. The top 20 coins can be used as collateral with 90% loan-to-value.
Is CoinLoan safe?
Cons of YouHodler:.
Seniority. YouHodler was founded in 2018, which is quite current compared to its rivals.
Currencies to Borrow. Depending on the currencies you utilize as security, you can only receive loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies readily available to make interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies available for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REPRESENTATIVE, and 15 other popular coins with the list growing.
Kind of service: Direct financing.
Cryptocurrencies are unstable creatures. To earn a profit, you need to be good at trading them or just hold and hope your crypto gains in worth. Because of volatility, neither method is particularly simple to do.
What if you might simply transfer your crypto someplace and earn interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can manage that also since it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that specializes in crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Delete Account
The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States in addition to in about a dozen other countries.